GL Trade said last week that the recent private placement of
Reuters' former holding in the firm was "three to four times
oversubscribed," despite the fact that it did not release the
maximum number of shares available. With 16.2% of the total
equity in the technology firm made available, GL had retained
the right to release a further 3.4% (see FO Week vol 9
no 24), which it chose not to do.
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